Why is Ghana less developed?
Ghana is considered to be a less economically developed country mainly because of the fact that it is not very rich. Ghana’s GDP per capita is 6622.50 GHS...
Published: May 04, 2026
What is the difference of micro marketing and macro marketing?
Unlike micro marketing, macro marketing focuses on the relationship between production process and the purchase patterns of the consumers. Unlike micro ma...
Published: May 04, 2026
Why when national income is increasing the investment also increases?
Investment increases productive capacity which, in turn, raises the level of output, employment and income. When investment increases by a certain amount,...
Published: May 04, 2026
Which characteristics of businesses selling designer clothing are monopolistic which are competitive?
1 Approved Answer Characteristics that make the designer clothing market monopolistic are the relative ease of entry to the market, the fact that there ar...
Published: May 04, 2026
Why did the population increase in the colonies between 1700 and 1776?
Why did the population increase in the colonies between 1700-1776? Large families and more immigrants came to the colonies. Many Europeans were escaping f...
Published: May 04, 2026
What is the difference between a positive and normative statement give an example of each?
The validity of a positive statement is verifiable or testable in principle, no matter how difficult it might be. Example 1: The weight of the earth is 6 ...
Published: May 04, 2026
Why is transportation important to economic development?
How Transportation Creates Economic Growth. Sound transportation investments lower the costs of moving people and goods. This increases economic productiv...
Published: May 04, 2026
What were some economic effects of the plague?
The plague had an important effect on the relationship between the lords who owned much of the land in Europe and the peasants who worked for the lords. A...
Published: May 04, 2026
What are the roles of International Monetary Fund?
The International Monetary Fund, or IMF, promotes international financial stability and monetary cooperation. It also facilitates international trade, pro...
Published: May 04, 2026
What is the role of taxes to the government?
Taxation not only pays for public goods and services; it is also a key ingredient in the social contract between citizens and the economy. Holding governm...
Published: May 04, 2026
